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Iress (ASX:IRE), the financial software provider, is viewed by fund managers as a potential takeover target. In September 2026, Pendal Group named Iress alongside AUB as an obvious candidate for future M&A, noting it had been approached previously without a deal progressing, while stressing the investment case does not rely on a takeover. Lennox reported Iress rose around 10% in July as one of the stronger ASX technology stocks, after falling 10% in May amid concerns about AI disruption across software. Ellerston noted Iress is its only technology holding after a solid earnings beat. Iress operates in the Information Technology sector within the Software industry, and Thesis Tracker has captured 17 comments from 9 fund managers, including Pendal Group, Lennox, Perpetual and Ellerston. Founded in 1993 and headquartered in Melbourne, Iress provides trading, market data, wealth management and financial planning software to financial services firms in Australia, the UK and other markets.
Company figures as of 15 Oct 2026. For information only.
Fund managers including Longwave Capital, Endeavor Asset Management, Spheria Asset Management, Selector Funds Management, Tamim Funds Management, SG Hiscock & Company, Ellerston Capital, Perpetual Asset Management, Lennox Capital Partners, Pendal Group, Akambo and Investors Mutual Limited have invested in Iress Ltd (ASX:IRE).
Pendal highlights takeover potential after previous approaches, and Ellerston points to a solid earnings beat, while Lennox notes resilience relative to other technology stocks.
Perpetual and Lennox note share price weakness driven by concerns about AI disruption across software companies.
Iress Ltd. is a global financial software provider founded in 1993 with headquarters in Melbourne, Australia. The company operates through three core segments: Global Trading and Market Data, which supports international market participants; APAC Wealth, delivering advice and superannuation software; and UK Wealth and Sourcing, providing wealth management, mortgage, protection, and retirement sourcing tools to UK financial advisers. Iress focuses on developing integrated technology solutions that streamline operations for financial services professionals worldwide.
General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.
11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.